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JPMorgan Indian Investment Trust (JII) Ordinary 25p

Sell:760.00p Buy:762.00p 0 Change: 5.00p (0.66%)
FTSE 250:0.76%
Market closed Prices as at close on 17 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

JPMorgan Indian Investment Trust Ordinary 25p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 10 Jan 2020)

What is happening?

 

JPMorgan Indian Investment Trust is offering to buy up to 25% of its Shares via a Tender Offer. The Tender price will be based on the Net Asset Value (NAV) of the Tender Pool at the close of business on 5 February 2020.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 1 out of every 4 Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The deadline to give an instruction is noon on Thursday 30 January 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on 5 February 2020. If you wish to vote please send us your instruction separately via secure message before noon on Thursday 30 January 2020.

 

What are my options?

 

1. Do nothing - You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender your Shares - Ask to sell some or all of your Shares. You’ll receive cash from Shares successfully sold as soon as practicably possible once all assets allocated to the Tender Pool have been realised, and any Shares not successfully sold will be returned to your Account around the same time. 

 

As your Shares are held with Hargreaves Lansdown, scaling back of excess tenders may not be on the same terms as those announced by the Company.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:760.00p
Buy:762.00p
Change: 5.00p (0.66%)
Market closed Prices as at close on 17 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

JPMorgan Indian Investment Trust Ordinary 25p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 10 Jan 2020)

What is happening?

 

JPMorgan Indian Investment Trust is offering to buy up to 25% of its Shares via a Tender Offer. The Tender price will be based on the Net Asset Value (NAV) of the Tender Pool at the close of business on 5 February 2020.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 1 out of every 4 Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The deadline to give an instruction is noon on Thursday 30 January 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on 5 February 2020. If you wish to vote please send us your instruction separately via secure message before noon on Thursday 30 January 2020.

 

What are my options?

 

1. Do nothing - You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender your Shares - Ask to sell some or all of your Shares. You’ll receive cash from Shares successfully sold as soon as practicably possible once all assets allocated to the Tender Pool have been realised, and any Shares not successfully sold will be returned to your Account around the same time. 

 

As your Shares are held with Hargreaves Lansdown, scaling back of excess tenders may not be on the same terms as those announced by the Company.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:760.00p
Buy:762.00p
Change: 5.00p (0.66%)
Market closed Prices as at close on 17 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

JPMorgan Indian Investment Trust Ordinary 25p

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 10 Jan 2020)

What is happening?

 

JPMorgan Indian Investment Trust is offering to buy up to 25% of its Shares via a Tender Offer. The Tender price will be based on the Net Asset Value (NAV) of the Tender Pool at the close of business on 5 February 2020.

 

You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 1 out of every 4 Shares you hold. You can ask to sell more or less than this, but you may not successfully sell all the Shares you tender above this entitlement.

 

The deadline to give an instruction is noon on Thursday 30 January 2020.

 

This Tender Offer is subject to Shareholder approval at a General Meeting to be held on 5 February 2020. If you wish to vote please send us your instruction separately via secure message before noon on Thursday 30 January 2020.

 

What are my options?

 

1. Do nothing - You don’t have to take part in the Tender Offer. If you don’t you’ll keep your existing Shares.

 

2. Tender your Shares - Ask to sell some or all of your Shares. You’ll receive cash from Shares successfully sold as soon as practicably possible once all assets allocated to the Tender Pool have been realised, and any Shares not successfully sold will be returned to your Account around the same time. 

 

As your Shares are held with Hargreaves Lansdown, scaling back of excess tenders may not be on the same terms as those announced by the Company.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
757.00p
Trade high:
764.00p
Year high:
795.00p
Estimated NAV:
834.81
Previous close:
759.00p
Trade low:
755.00p
Year low:
631.00p
Premium/Discount:
-9.44%
Previous:
3.00p (0.40%)
Previous:
3.00p
Volume:
96,445
Dividend yield:
n/a
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
JPMOR INDIAN performance chart

Premium/Discount

JPMOR INDIAN performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 2.55% 1 year 1Y 10.56%
1 month 1M 1.6% 2 years 2Y 1.29%
3 months 3M 5.38% 3 years 3Y 22.83%
6 months 6M 0.39% 5 years 5Y 37.84%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Trust Basics

Benchmark: MSCI India (in GBP)
Annual management charge: 1% of Net Assets
Performance fee: No
Ongoing charge: 0.18%
Dividend yield: n/a
Dividend frequency: None
Total assets: £903m
Gross gearing: 103%
Market capitalisation:Market cap.: £791m
Shares in issue: 104.57 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB0003450359

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents



Objective

The objective of the Company is to achieve capital growth from investments in India. It aims to outperform the MSCI India Index (expressed in sterling terms). In order to achieve its objective, the Company invests in a diversified portfolio of equity and equity-related securities of Indian companies and employs a Manager with a strong focus on research and asset of the Company. The Board has sought to manage the risk by imposing various investment limits and restrictions. These limits and restrictions may be varied at any time by the Board at its discretion.

NET ASSET VALUE (NAV)

Estimated NAV: 834.81
Latest actual NAV: 835.21
Latest actual NAV date: 15 January 2020
Premium/Discount: -9.44%
12m average Premium/Discount: -9.68%
NAV frequency: Daily
Time / date Time Buy / sell Type Volume Price Value
16:35 - 17/01 16:35
17/01
Sell 7695 764.00p £58,789.80
16:29 - 17/01 16:29
17/01
Buy 18 762.00p £137.16
16:29 - 17/01 16:29
17/01
Buy 2 762.00p £15.24
16:29 - 17/01 16:29
17/01
Buy 4 762.00p £30.48
16:29 - 17/01 16:29
17/01
Buy 3 762.00p £22.86

Trades priced above mid-price at the time a trade is placed are assumed buys, those priced below are assumed sells. Trades priced close to mid-price or declared late are shown N/A. This is not a recommendation. More information.

More trades
×

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled ‘N/A’.

Security Weight
Tata Consultancy Services Ltd 10.03%
Housing Development Finance Corp Ltd 9.67%
HDFC Bank Ltd 9.63%
Maruti Suzuki India Ltd 6.43%
Axis Bank Ltd 6.38%
ITC Ltd 5.94%
Larsen & Toubro Ltd 5.07%
Kotak Mahindra Bank Ltd 4.58%
UltraTech Cement Ltd 4.37%
JPM GBP Liquidity LVNAV X (dist.) 3.64%
Sector Weight
Financial Services 40.49%
Consumer Cyclical 15.48%
Technology 11.78%
Basic Materials 9.67%
Industrials 9.56%
Consumer Defensive 7.06%
Healthcare 3.21%
Energy 1.28%
Utilities 0.99%
Real Estate 0.76%
Country Weight
India 99.52%
Singapore 0.76%
United Kingdom 0.08%
Germany 0.06%
Netherlands 0.05%
Australia 0.05%
United States 0.04%
Sweden 0.03%
Canada 0.02%

Key Dates

Launch date: 26 May 1994
Financial year end: September
Next AGM: January 2021
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.